Kuwait Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035

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Kuwait Power Market Report Overview

The cumulative installed capacity in the power market in Kuwait was 20.3GW in 2023 and will achieve a CAGR of more than 4% during 2023-2035.  The residential sector had the dominant share in power consumption in 2023 followed by the industrial sector.

Kuwait Power Market Outlook, 2023-2035 (GW)

Kuwait Power Market Outlook, 2023-2035 (GW)

The market research report discusses the Kuwait power market structure. It provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also analyzes the Kuwait power market’s regulatory structure and competitive landscape.

Cumulative Installed Capacity (2023) 20.3GW
CAGR (2023-2035) >4%
Historical Period 2015-2022
Forecast Period 2023-2035
Key Companies ·       Ministry of Electricity and Water, Kuwait (MEW)

·       Kuwait Authority for Partnership Projects

·       Sumitomo Corp

·       Engie SA

·       A.H Alsagar & Bros Co.

·       Others

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Kuwait’s Power Market Regulators

  • The Ministry of Electricity & Water & Renewable Energy is responsible for formulating policies and strategies for the power sector in Kuwait.
  • As a party to the Paris Agreement, the country submitted its updated Nationally Determined Contribution (NDC) to the UN in October 2021. Under the updated NDC, the country plans to reduce Greenhouse Gas (GHG) emissions by more than 7% by 2035 as compared to the Business as Usual (BAU) scenario.

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Kuwait Power Market – Competitive Landscape

In 2023, Kuwait’s power generation market was dominated by MEW which contributed a significant share.

Ministry of Electricity and Water (MEW): The Ministry of Electricity and Water (MEW) is an electricity and water utility service provider. The ministry’s activities include the supply of water and electricity; administration of power plant projects, electricity distribution networks, electricity transmission networks, water distillation plants, and water projects; observation of environmental conditions in the production of electricity and water; and operation and maintenance of the water supply network in Kuwait. It offers annual statistics and related publications for the water and electrical sectors. MEW also issues directives and instructions on matters related to energy conservation and rationalization. MEW is headquartered in Kuwait City, Kuwait.

Kuwait Power Market by Leading Companies, 2023 (%)

Kuwait Power Market by Leading Companies, 2023 (%)

Segments Covered in the Report

Kuwait Power Market Deal Types Outlook

  • Industrial Sector
  • Residential Sector
  • Commercial Sector

Scope

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035.
  • Capacity, generation, and major power plants by technology.
  • Data on leading active and upcoming power plants.
  • Information on transmission and distribution infrastructure, and electricity imports and exports.
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Facilitate decision-making based on strong historical and forecast data.
  • Develop strategies based on the latest regulatory events.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Identify key partners and business development avenues.
  • Identify key strengths and weaknesses of important market participants.
  • Respond to your competitors’ business structure, strategy, and prospects.

Ministry of Electricity and Water
Kuwait Authority for Partnership Projects
Sumitomo Corp
Engie SA

Table of Contents

  • 1. Table of Contents
  • 2. List of Figures
  • 3. List of Tables
  • 4. Executive Summary

    • 4.1. Kuwait to fall short of its 2030 renewable generation target.
    • 4.2. Renewable power capacity to increase at a CAGR of

      38.4% between 2023-2035

  • 5. Introduction

    • 5.1. Kuwait Power Market
    • 5.2. GlobalData Report Guidance

  • 6. Kuwait Power Market, Snapshot

    • 6.1. Country Summary
    • 6.2. Macroeconomic Factors
    • 6.3. Supply Security
    • 6.4. Opportunities
    • 6.5. Challenges
    • 6.6. Geopolitical Crisis

  • 7. Kuwait Power Market, Market Analysis

    • 7.1. Market Structure
    • 7.2. Key Market Players
    • 7.3. Financial Deals

      • 7.3.1. Deal Value and Volume, 2015–2023
      • 7.3.2. Deals by Type, 2023

    • 7.4. Kuwait Power Market, Demand Structure

      • 7.4.1. Power Consumption by Sector, 2023

  • 8. Renewable Energy Policy, Kuwait

    • 8.1. Renewable Energy Market, Overview
    • 8.2. Policy Snapshot
    • 8.3. Renewable Energy Targets
    • 8.4. Innovative Renewable Energy Research Program
    • 8.5. Renewable Energy Building and Site Integration
    • 8.6. Environment Protection Law
    • 8.7. Nationally Determined Contribution (NDC)
    • 8.8. Auction

  • 9. Kuwait Power Market, Capacity and Generation

    • 9.1. Cumulative Capacity Share by Technology, 2023
    • 9.2. Total Power Capacity and Generation, 2015–2035
    • 9.3. Thermal Power Capacity and Generation, 2015–2035
    • 9.4. Renewable Power Capacity and Generation, 2015–2035

  • 10. Kuwait Power Market, Transmission and Distribution Overview

    • 10.1. Electricity Import and Export
    • 10.2. Grid Interconnection

  • 11. Kuwait Power Market, Major Generating Companies

    • 11.1. Ministry of Electricity and Water (MEW)

      • 11.1.1. Company Overview

    • 11.2. Kuwait Authority for Partnership Projects

      • 11.2.1. Company Overview

    • 11.3. Sumitomo Corporation

      • 11.3.1. Company Overview
      • 11.3.2. Business Description
      • 11.3.3. SWOT Overview

    • 11.4. Engie SA

      • 11.4.1. Company Overview
      • 11.4.2. Business Description
      • 11.4.3. SWOT Overview

  • 12. Appendix
  • 13. Abbreviations
  • 14. Methodology

    • 14.1. Coverage
    • 14.2. Secondary Research
    • 14.3. Primary Research
    • 14.4. Modelling and Forecasting

  • 15. About GlobalData
  • 16. Contact Us.

Table

Table 1: Power Market, Kuwait, Macroeconomic Factors, 2015–2030

Table 2: Policy Snapshot, Kuwait, 2023

Table 3: Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2015–2035

Table 4: Power Market, Kuwait, Cumulative Capacity and Annual Generation Share by Technology, 2015–2035

Table 5: Thermal Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2015–2035

Table 6: Thermal Power Market, Kuwait, Major Plants, 2023

Table 7: Renewable Power Market, Kuwait, Cumulative Capacity (GW), 2015–2035

Table 8: Renewable Power Market, Kuwait, Annual Generation (TWh), 2015–2035

Table 9: Renewable Power Market, Kuwait, Major Plants, 2023

Table 10: Power Market, Kuwait, Annual Electricity Import and Export (TWh), 2015–2023

Table 11: Power Market, Kuwait, Upcoming Interconnection Projects

Table 12: Abbreviations

Figures

Figure 1: Renewable and Thermal Power Market Comparison, Kuwait, Annual Generation, 2023–2030

Figure 2: Renewable Power Market, Kuwait, Cumulative Capacity, 2023–2035

Figure 3: Power Market, Kuwait, Country Summary

Figure 4: Power Market, Kuwait, Macroeconomic Factors, 2015–2030

Figure 5: Power Market, Kuwait, Market Structure

Figure 6: Power Market, Kuwait, Market Share of Generation Companies (%), 2023

Figure 7: Power Market, Kuwait, Deal Value and Number of Deals, 2015–2023

Figure 8: Power Market, Kuwait, Annual Power Consumption, 2015–2035

Figure 9: Power Market, Kuwait, Power Consumption by Sector (%), 2023

Figure 10: Power Market, Kuwait, Cumulative Capacity Share by Technology (%), 2023

Figure 11: Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2015–2035

Figure 12: Power Market, Kuwait, Capacity Share by Technology, 2015–2035

Figure 13: Power Market, Kuwait, Annual Generation Share by Technology, 2015–2035

Figure 14: Thermal Power Market, Kuwait, Cumulative Capacity and Annual Generation, 2015–2035

Figure 15: Renewable Power Market, Kuwait, Cumulative Capacity, 2015–2035

Figure 16: Renewable Power Market, Kuwait, Annual Generation, 2015–2035

Figure 17: Power Market, Kuwait, Annual Electricity Import and Export, 2015–2023

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